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Danish fund buys City office block

Danish life company and pension fund KP has bought Veritas House, 125 Finsbury Pavement, London EC2 from Land Securities for #24.5 million.

By Graham Parker | Updated on April 26, 2001

Danish life company and pension fund KP has bought Veritas House, 125 Finsbury Pavement, London EC2 from Land Securities for £24.5 million. KP has now spent around £100 million in Central London over the last two and a half years.

The multi-let Veritas House has 46,143 sq ft of offices on lower ground, ground and seven upper floors. It currently produces £1,630,565 per annum in rent, showing a net initial yield of 6.33%. Healey & Baker acted for the purchaser and King Sturge for Land Securities.

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